PBoC eyes further opening of onshore repo for foreign investors
Chinese central bank gives first official signal it is looking at Swap Connect-style scheme for repo
The People’s Bank of China is looking to broaden foreign investors’ access to the onshore repurchase agreement market so they can better manage their liquidity and hedge their risks.
Chinese authorities in May allowed access by foreign investors to the onshore interest rate swap market via the Swap Connect scheme, and they can also trade the local bond market via multiple routes. Regulators are
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